Traditional product assets declined but alternatives continued to increase in 2018, according to the Monetary Authority of Singapore.
Tag: Asset Management
Asia AUM growth slumped in 2018
The region had its slowest growth in assets under management for six years, but retail demand continues to fuel China flows, according to a McKinsey report released today.
Hong Kong WM assets hit $1trn
In 2017, total assets under management by the private banking and private wealth management business in Hong Kong hit $1trn (HK$7.8trn), while asset management was up 23%, according to the Securities and Futures Commission (SFC).
Which SG funds gathered assets in Q1?
Schroders and UOB lead the league table of the most successful asset gatherers in funds domiciled in Singapore, while Fullerton had the most outflows, according to fund flows data from Morningstar.
UBS AM revamps business model amid margin pressure
As fee pressure across the asset management industry continues, the firm will supplement fund sales by marketing its in-house advisory and fund operation platforms to banks in Asia, said René Buehlmann, UBS Asset Management’s Asia-Pacific head and global head for wholesale client coverage.
HK regulators warn on sale of in-house products
Conflicts of interests arising from the sale of in-house products by fund distributors are on the radar of both the Hong Kong Monetary Authority and the Securities and Futures Commission.
How the fee-based model changes asset management
When Asia’s regulators eventually replace the commission-based wealth management model with a fee-based one, what could be the fallout for asset managers? Ben Cherrington, head of intermediary channels in Asia Pacific at M&G Investments, shares some key changes in the UK, which decided to make the leap to fee-based in 2013.
HNA looks to buy a stake in Value Partners
Value Partners’ stock price jumped 8.6% before suspension on Monday amid reports that China’s HNA Group is looking to buy a stake in the firm.
Legg Mason to deepen ties with Chinese shareholder
Shanda Group, Legg Mason’s largest shareholder, plans to boost its stake in the US-listed asset manager by 5% and appoint two board members as part of a long-term strategic investment agreement.
McKinsey: Asset management to see explosive change
McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.
